[Posted on March 26, 2008 - 5:04 PM]
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BSG Alliance
BSG Alliance, an Austin, Texas, provider of on-demand software for business, has raised $50 million in a private financing led by Oak Investment Partners of Westport, Conn. Also participating were investors Foundation Capital of Menlo Park, Calif., and Hummer Winblad Venture Partners of San Francisco. Austin-based Powershift Ventures LP is also a stakeholder in the company. BSG previously raised a $20 million round in May. In connection with the current financing, Ren Riley, general partner with Oak, will join BSG Alliance's board of directors. BSG has developed an on-demand platform designed to aid business innovation. The software provides a suite of offerings to aid in leadership performance, talent management and customer experience.
Wireless
Bubble Motion
Menlo Park, Calif., voice message service provider Bubble Motion Inc. has secured $14 million in new funding. The capital comes from existing investors Sequoia Capital of Menlo Park, Calif., and Sequoia Capital India, as well as new investors Comcast Interactive Capital of Philadelphia and NCD Investors. Deepak Sindwani, a principal at Comcast, has joined Bubble Motion's board of directors. The company will use the funds for research and development of its lead product, BubbleTalk, to expand sales and marketing and to secure additional operator partnerships. Founded in 2003, Bubble Motion provides technology that enables mobile phone users to talk, listen and reply to messages as an alternative to the conventional type and read message service provided by mobile operators.
Networking
Gear6
Gear6 of Mountain View, Calif., has secured $10 million in financing led by Horizon Ventures of Los Altos, Calif. Existing investors InterWest Partners LLC and U.S. Venture Partners, both of Menlo Park, Calif., also participated in the round. Gear6's technology is designed to address the gap between more powerful servers and constrained, disk-based storage systems. Founded in 2002 as Engineered Intelligence, the company designs storage technology intended to eliminate bottlenecks and improve performance in storage infrastructures. It will use the funds to market its expansion. Gear6 has received $24.5 million overall.
Medical devices
Breathe Technologies
Fremont, Calif., medical device company Breathe Technologies Inc. has closed a $15 million second round led by Kleiner Perkins Caufield & Byers of Menlo Park, Calif. Also participating were Synergy Partners International and Delphi Ventures, both of Menlo Park, and Life Science Angels Inc. of Palo Alto, Calif. Founded in January 2005, Breathe Technologies is developing a line of ambulatory respiratory ventilator systems for the hospital, home care and pandemic markets. The devices are designed to treat respiratory problems associated with Chronic Obstructive Pulmonary Disease, cystic fibrosis, and influenza.
OptiMedica
OptiMedica Corp. of Santa Clara, Calif., has received a $16 million Series C financing. Investors were the returning Kleiner Perkins Caufield & Byers of Menlo Park, Calif., and Alloy Ventures Inc. of Palo Alto, Calif., as well as newcomer DAG Ventures, also of Palo Alto. The proceeds will be used to expand OptiMedica's commercial presence and to develop new technology. Founded in 2004, OptiMedica has commercialized the Pascal (Pattern Scan Laser) Photocoagulator system, a laser eye treatment.
Informatics
BioNanomatrix
Genome research startup BioNanomatrix Inc. has received a $5.1 million first round led by Battelle Ventures LP of Princeton, N.J. Also participating were Battelle affiliate Innovation Valley Partners of Knoxville, Tenn., and San Jose, Calif.-based KT Venture Group, the venture arm of chipmaker KLA-Tencor Corp. Seed investors in the company were Ben Franklin Technology Partners of Bethlehem, Pa., and 21Ventures LLC of New York. The company is developing technology that will sequence and analyze the human genome in eight hours at a cost of $100. BioNanomatrix's core technology was developed at Princeton University and was spun out with the seed round two years ago.
Protein Discovery
Protein Discovery Inc. of Knoxville, Tenn., has received a $10 million third round investment to market its mass spectrometry analysis technology. The round was led by Santé Health Ventures LLC of Austin, Texas, with participation from Memphis Biomed Ventures of Memphis, Southern Appalachian Fund of Oak Ridge, Tenn., and Nashville Capital Network of Nashville. Protein Discovery makes sample preparation technologies that simplify and accelerate the preparation of complex biological samples for analysis using mass spectrometry.
